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Isopropyl Alcohol Market: Thriving Demand and Growth Analysis, Key Drivers, Market Size, and Forecast to 2029
Isopropyl Alcohol Market
What Is The Projected Market Size Of The Global Isopropyl Alcohol Market And Its Growth Rate?
• The isopropyl alcohol market size has seen strong growth in recent years, increasing from $4.85 billion in 2024 to $5.24 billion in 2025 at a CAGR of 8.1%.
• The growth in the historic period is attributed to industrial solvent use, disinfectant and sanitizer demand, chemical intermediate, cleaning applications, medical and healthcare uses.
• The isopropyl alcohol market is projected to grow to $7.79 billion in 2029 at a CAGR of 10.4%.
• The growth in the forecast period can be attributed to pandemic preparedness and crisis management, environmental concerns and sustainable practices, raw material availability and pricing, consumer health and safety concerns, global industrial growth.
What Is Driving The Growth In The Isopropyl Alcohol Market?
The demand for personal care and cosmetic products serves as a major propeller for the isopropyl alcohol market's growth. Isopropyl alcohol is a staple ingredient in various personal care and cosmetic products such as aftershave lotions, bath products, and make-up items due to its versatility. It serves as an antifoaming agent, a cosmetic astringent, a solvent, and a viscosity decreasing agent. The growth of the personal care sector, contributing £27.2 billion ($30.44 billion) to the UK's GDP in 2023, is indicative of the burgeoning trend, driving the demand for isopropyl alcohol further.
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Who Are The Key Players Driving Isopropyl Alcohol Market Growth?
The major players driving the isopropyl alcohol market include:
• The Dow Chemical Company
• INEOS Group Limited
• Royal Dutch Shell PLC
• ExxonMobil Corporation
• LG Chem Ltd.
What Are The Key Trends In The Isopropyl Alcohol Market?
Key trends in the isopropyl alcohol market include:
• Emergency response preparedness
• Consumer product formulation
• Supply chain dynamics
• Environmentally friendly alternatives
• Consumer preferences for health and safety.
What Are The Segments Of The Global Isopropyl Alcohol Market?
The Isopropyl Alcohol market is segmented by:
1) Grade: 70% IPA, 90% IPA
2) Production Method: Indirect Hydration, Direct Hydration
3) Application: Antiseptic And Astringent, Cleaning Agent, Solvent, Chemical Intermediate, Other Applications
4) End-Use: Cosmetics And Personal Care, Pharmaceutical, Food And Beverages, Paints And Coatings, Chemical, Other End-Uses
Which Region Leads The Isopropyl Alcohol Market?
Asia-Pacific was the largest region in the isopropyl alcohol market in 2024. The region is also projected to be the fastest-growing region in the forecast period. The reported regions in the isopropyl alcohol market include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Isopropyl Alcohol Market Global Market Report?
- Market Size Analysis: Analyze the Isopropyl Alcohol Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Isopropyl Alcohol Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Isopropyl Alcohol Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Isopropyl Alcohol Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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